By KEDIBONE MOLAETSI
1 October 2024– From 2 October 2024, the price of petrol will go down by between R1.06 and R1.14 per litre, whereas diesel will go down by between R1.12 and R1.14 per litre. The Portfolio Committee on Mineral and Petroleum Resources said it welcomed the reduction of fuel price in October, bringing much-needed relief to motorists for the fifth consecutive time.
The Chairperson of the Portfolio Committee on Mineral and Petroleum Resources, Mikateko Mahlaule said that the price cuts are a testament to what the Department of Mineral Resources and Energy reiterated to the 6th parliament committee to the effect that petrol prices are the result of various international and national elements.
He further said to this end, the Department of Mineral and Petroleum Resources, cited the appreciation of the South African rand against the US dollar in September 2024 to R17, compared to R18 in August as one of the reasons for the price cut in October.
“We welcome these price cuts with open arms and hope that they continue steadily for the foreseeable future,” added Mahlaule.
The Guardian 